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Employees: 3,123
Size Shaanxi Construction Machinery (600984.SS) is a China Industrials company (Trucks/Construction/Farm Machinery) with a market value of $611M, the 3379th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥3.24 on 6 Nov 2026.
Performance Over six months the shares fell 23.9%, against -18.6% for the median peer and -16.4% for the China market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue fell 3.6% over the last twelve months (peer median +0.4%); the operating margin is -61.3% (peer median 4.0%).
Valuation It trades at 4.9× enterprise value to sales against a peer median of 2.3× (6th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 7% a year for seven years (Req g). Recent delivered growth is -9%, so the hurdle is +15 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 12.3 points below its cost of capital (5.1% WACC).
Next results Next results expected around 2 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.42B | CN¥2.54B | CN¥2.72B | CN¥3.21B | CN¥3.87B |
| Revenue growth | — | -7% | -15% | -17% | — |
| Gross profit | CN¥260M | -CN¥326M | -CN¥102M | CN¥241M | CN¥809M |
| EBITDA | n/a | -CN¥75.5M | CN¥250M | CN¥636M | CN¥1.19B |
| Net income | -CN¥2.07B | -CN¥2.20B | -CN¥988M | -CN¥745M | -CN¥44.6M |
| Free cash flow | CN¥376M | CN¥301M | -CN¥251M | -CN¥742M | -CN¥1.40B |
| Capital expenditure | CN¥102M | CN¥244M | CN¥653M | CN¥1.15B | CN¥1.66B |
| Total debt | CN¥8.28B | CN¥8.78B | CN¥9.15B | CN¥10.4B | CN¥9.78B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 600984.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -11.2% | -5.1% | 8th lowest of 21 |
| 6-month return | -23.9% | -18.6% | 8th lowest of 21 |
| Distance from 52-week high | -40.3% | -32.1% | 8th lowest of 21 |
| Revenue growth (TTM) | -3.6% | +0.4% | 5th lowest of 21 |
| Operating margin | -61.3% | 4.0% | lowest of 21 |
| EV / Sales | 4.9× | 2.3× | 6th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 6.9% | 10.7% | 6th least demanding of 13 |
| Growth delivered (Del g) | -8.6% | +4.6% | 2nd lowest of 13 |
| Hurdle (Req g minus delivered) | +15.5 pp | +2.8 pp | 5th most demanding of 13 |
| ROIC minus cost of capital | -12.3 pp | -1.9 pp | lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shaanxi Construction Machinery 600984.SS | China | $611M | -24% | -4% | -61% | 4.9× | 6.9% | -8.6% |
| Beijing Tieke Shougang Railway-Tech 688569.SS | China | $606M | -5% | +24% | 22% | 2.5× | -2.0% | +0.8% |
| Weihai Guangtai Airport Equipment 002111.SZ | China | $620M | -29% | +11% | 6% | 1.6× | 5.8% | +2.4% |
| Chengdu Xinzhu Road & Bridge Machinery 002480.SZ | China | $620M | -18% | -21% | -4% | 8.2× | 12.5% | -8.7% |
| Balu Forge Industries BALUFORGE.NS | India | $624M | -10% | +31% | 26% | 5.0× | n/a | n/a |
| Songz Automobile Air Conditioning 002454.SZ | China | $596M | -36% | +7% | 4% | 0.7× | n/a | n/a |
| Ponsse PON1V.HE | Finland | $595M | -15% | -3% | 4% | 0.8× | n/a | n/a |
| Beijing Tianma Intelligent Control Technology 688570.SS | China | $628M | -22% | -5% | -1% | 1.4× | 14.1% | +6.8% |
| Hangzhou Huning Elevator Parts 300669.SZ | China | $591M | -36% | -2% | 1% | 12.2× | 50.1% | -1.7% |
| CSBC Corp. Taiwan 2208.TW | Taiwan | $642M | -18% | -15% | -5% | 2.9× | n/a | n/a |
| Eurocrane (China) 603966.SS | China | $557M | -32% | -3% | 9% | 1.6× | 1.2% | +14.0% |
| Ajax Engineering AJAXENGG.NS | India | $676M | +1% | +1% | 12% | 3.0× | 25.4% | +23.2% |
| Tianjin Keyvia Electric 300407.SZ | China | $549M | -20% | +13% | 2% | 0.8× | -1.6% | +6.6% |
| Nanjing Railway New Technology 301016.SZ | China | $542M | -28% | -1% | 18% | 8.1× | 19.2% | -3.9% |
| Endur ENDUR.OL | Norway | $696M | +7% | +88% | 5% | 1.0× | 8.8% | +88.7% |
| Jianglong Shipbuilding 300589.SZ | China | $699M | -25% | -9% | -12% | 5.5× | n/a | n/a |
| Japan Engine 6016.T | Japan | $532M | -19% | -2% | 20% | 2.9× | n/a | n/a |
| Jinxi Axle 600495.SS | China | $728M | -6% | +19% | -1% | 2.5× | 22.1% | +2.6% |
| Wetown Electric 688226.SS | China | $729M | -55% | +54% | 3% | 1.4× | n/a | n/a |
| Inner Mongolia North Hauler Joint Stock 600262.SS | China | $510M | -18% | -3% | 8% | 0.7× | -13.2% | +17.5% |
| Columbus McKinnon CMCO | United States | $510M | +11% | +81% | 4% | 2.1× | n/a | n/a |